Somewhat Favorable Media Coverage Somewhat Unlikely to Affect StarTek (SRT) Share Price

Headlines about StarTek (NYSE:SRT) have trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. StarTek earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.5041053007704 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

SRT has been the topic of several research reports. Zacks Investment Research upgraded StarTek from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Lake Street Capital upped their target price on StarTek from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Robert W. Baird restated a “hold” rating and issued a $12.00 target price on shares of StarTek in a research note on Wednesday, January 24th.

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Shares of SRT traded down $0.07 during midday trading on Friday, reaching $9.14. The stock had a trading volume of 131,360 shares, compared to its average volume of 145,134. StarTek has a 12-month low of $8.49 and a 12-month high of $14.78. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $147.55, a P/E ratio of -114.25 and a beta of 0.21.

StarTek (NYSE:SRT) last issued its earnings results on Thursday, March 15th. The business services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.16). The company had revenue of $71.60 million for the quarter, compared to analysts’ expectations of $70.02 million. StarTek had a negative net margin of 0.44% and a negative return on equity of 2.68%. During the same quarter in the prior year, the company earned $0.09 earnings per share. equities research analysts predict that StarTek will post 0.04 EPS for the current year.

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About StarTek

StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.

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